Treasury Program

The Treasury Division consists of two sections: (a) Investment and Banking section, which provides the centralized management & investment of the county's cash, ensuring its investments are secure and adequately collateralized, along with debt management responsibilities and billing and collecting for various county charges; and (b) Real Property Tax (RPT) & Fee Collections section, which collects all real property taxes and fees, administers the tax relief program and oversees the tax sale of properties with delinquent taxes. 
Read below to learn more about goals, objectives and how the program measures success.


Goal #1: Effectively manage county funds by ensuring safety and liquidity of the funds and by earning a reasonable rate of return on its investments.


Objectives

  • Maintain safety of county funds.
  • Maintain fund requests being met within 30 days from the date of request.
  • Maintain a reasonable rate of return at >1 year average Treasury bill rate.

Success Measures


Goal #2: Effectively manage the county's debt service and general obligation bonds in the most efficient manner to ensure that outstanding debts are paid.

Objectives

  • Maintain the rate of outstanding debts paid/serviced in a timely manner at 100%.
  • Assess timing of next G.O. Bond Issuance by monitoring General Fund amount loaned to capital improvement projects is < $55 million.

Success Measures


Goal #3: Manage the county's collection of current and delinquent real property taxes effectively and efficiently through timely collection and recording of collected taxes.

Objectives

  • Maintain the rate of real property taxes collected, within the same fiscal year as billed, at 90% or higher.
  • Maintain the rate of real property taxes recorded within one day from the receipt date at 100%.
  • Increase the rate of delinquent taxes collected within one year of original billing date.

Success Measures